Former Enron exec gets five year sentence
A former executive with the collapsed US energy giant Enron was jailed for five years today after admitting one charge of conspiracy.
Former company treasurer Ben Glisan had denied multiple charges of money laundering, wire fraud and conspiracy which were dismissed.
Prosecutors in Houston, Texas, said there was no deal to implicate higher-ranking executives.
Glisan also agreed to forfeit profits from a partnership investment related to Enron.
“I think I would simply like to say I take full responsibility for my actions,” Glisan told the judge.
Glisan was sacked in November 2001, less than a month before Enron filed for bankruptcy.
Last year, Glisan, 37, and his legal team tried to strike a deal with the Justice Department and avoid prosecution by telling what he knew about the financial details.
